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GDP tells us a country's economic activity, including production, market values, trades, goods & services, etc.

It measures the monetary worth of completed goods and services produced inside the boundaries of a nation in a given amount of time, usually a year.

GDP= C + I + G + (E - I)

C = Consumption Expenditure

I = Investment

G = Government Purchases

E - I = Net Exports

GDP per capita = GDP/total population

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Luisiana Medina

Regina Baray

Ana Victoria Acuña

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Major goal is to limit unemployment at a rate below 4.5%.

Low unemployment rate equals secured jobs.

To find the unemployment rate, economists first calculate the size of the labor force.

This rate represents the number of people that are actively looking for a job, but haven't found one.

The unemployment rate is then defined as the number of unemployed people divided by the labor force (Frank, 2018).

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A percentage added to a total amount of money in exchange for investing or lending. Aids in controlling inflation, economic growth, and managing economic's money supply.

Credit cards, auto loans, savings accounts, etc. Are some affected financial instruments impacted.

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Inflation refers to a measure of how fast the average price level is changing over time, and rate is defined as the annual percentage rate of change in the price level. To calculate inflation rate you need to substract the Historic CPI from the Current CPI over the Current CPI, then multiply it by 100.